Kraft Heinz

LONDON: Kraft Heinz rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance from the company and politicians sent shares in the Anglo-Dutch group 8 percent lower on Monday.
Kraft, which is backed by…

LONDON: U.S. food company Kraft Heinz made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.
A combination…